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Tuesday, April 12, 2011 8:52:57 PM
that comes out to about 5.2 million dollars. Again somebody help me out here, we are under 40 million shares in the float generating today over 5 million in revenues and under a penny.
The key to this acquisition is not just the completed applications, its the development engine. The picture gets clearer for me the more I think about it. I am a software engineer that owns a software/administration company. An engine like that would require massive development time and huge dollars or sweat equity. I would value the development engine by itself in the multi-million dollar range.
I believe more than ever they have increased their multiple in value easily by combining the synergies of both companies. What a smart move. They are doing this via two approaches:
1) Adding contracts/revenues via new applications (baking the cake)
2) while displaying the true power of the development engine (icing on the cake).
They are officially becoming a buyout candidate and every added contract and new software title created proves the power of the development engine whereby adds to the multiple in valuation..
It will be interesting to see how this plays out. I am not selling anytime soon!!
Keep the SS in place and I have a hard time seeing this stock priced in pennys for long. JMHO
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